The Trade that Will Boost Your Dividend Income

Cisco stock has gone nowhere, but selling puts can make it a more productive portfolio holding.

So you still own Cisco (ticker: CSCO) even though the stock has sharply lagged the market over the past year. You must be a true believer, or have an incredibly low-cost basis, to still be hanging around a stock that eked out an 8% gain in the past year.

Either way, it's time to venture into options land to breathe some new life into an old tech stock that now interests investors largely because of a 3.1% dividend yield.